Cost of living comparison
China is 3.9% cheaper than Iceland.
If you lived in China instead of Iceland, you would:
pay 73.5% less for restaurants
|
Iceland
|
China
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.00
kr2,051
|
$3.66
CN¥24.53
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.33
kr1,686
|
$5.31
CN¥35.58
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.20
kr301
|
$0.50
CN¥3.36
|
|
| Bottle of water (11 fl. oz) |
$2.00
kr274
|
$0.32
CN¥2.13
|
|
pay 36.7% less for groceries
|
Iceland
|
China
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.14
kr430
|
$1.71
CN¥11.48
|
|
| Local cheese (8 oz) |
$5.86
kr801
|
$6.26
CN¥41.92
|
|
| Milk (1 gallon) |
$5.16
kr706
|
$7.30
CN¥48.95
|
|
|
Eggs
1 dozen
|
$5.51
kr754
|
$1.82
CN¥12.20
|
|
| Boneless chicken breast (1 lb) |
$7.10
kr971
|
$1.86
CN¥12.44
|
|
| Apples (1 lb) |
$1.19
kr163
|
$0.84
CN¥5.66
|
|
| Bananas (1 lb) |
$1.08
kr148
|
$0.62
CN¥4.17
|
|
| Oranges (1 lb) |
$1.13
kr155
|
$0.80
CN¥5.38
|
|
| Tomatoes (1 lb) |
$1.70
kr233
|
$0.59
CN¥3.97
|
|
| Potatoes (1 lb) |
$1.01
kr139
|
$0.38
CN¥2.54
|
|
| Onions (1 lb) |
$0.66
kr91
|
$0.42
CN¥2.83
|
|
pay 54.1% less for transportation
|
Iceland
|
China
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.21
kr986
|
$4.66
CN¥31.21
|
|
| Monthly public transit pass |
$85.09
kr11,636
|
$18.54
CN¥124.26
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,857.83
kr3,809,558
|
$21,479.37
CN¥143,954.73
|
|
| Taxi trip in downtown area (5 miles) |
$21.37
kr2,922
|
$4.28
CN¥28.71
|
|
pay 67.1% less for housing
|
Iceland
|
China
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$66.89
kr9,148
|
$14.10
CN¥94.48
|
|
| 1-Bedroom apartment in downtown area |
$1,349.42
kr184,533
|
$439.74
CN¥2,947.17
|
|
| 1-Bedroom apartment outside city center |
$1,143.63
kr156,391
|
$244.66
CN¥1,639.72
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$70.86
kr9,690
|
$39.96
CN¥267.80
|
|
pay 4.0 times more for childcare
|
Iceland
|
China
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$277.52
kr37,951
|
$422.78
CN¥2,833.48
|
|
| Middle school for 1 child, two semesters |
$2,822.44
kr385,968
|
$18,175.98
CN¥121,815.40
|
|
pay 47.2% less for entertainment and sports
|
Iceland
|
China
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.85
kr1,074
|
$1.11
CN¥7.42
|
|
| Cappuccino in mid-range area |
$4.10
kr561
|
$3.73
CN¥25.00
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.37
kr1,555
|
$3.30
CN¥22.09
|
|
| Monthly membership at local gym |
$63.31
kr8,658
|
$47.13
CN¥315.89
|
|
| Movie ticket to theater/cinema |
$11.69
kr1,599
|
$6.47
CN¥43.33
|
|
pay 47.1% less for clothing
|
Iceland
|
China
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$117.41
kr16,056
|
$57.76
CN¥387.09
|
|
|
Regular dress
from H&M or similar store
|
$55.13
kr7,539
|
$34.91
CN¥233.95
|
|
|
Running shoes
Nike or Adidas
|
$156.49
kr21,401
|
$85.04
CN¥569.95
|
|
| Men's business shoes (leather) |
$191.54
kr26,193
|
$85.98
CN¥576.24
|
|
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